Cencorp - Company Announcement

CENCORP AGREED WITH DANSKE BANK OYJ ON AMENDMENT OF FINANCING FACILITIES AND WITH SAVCOR GROUP OY AND SAVCOR INVEST BV ON TRANSFERRING THE LOAN MATURITY DATES

Cencorp Corporation                                             Stock Exchange
Release 27 September 2013 at 17.00 Finnish time 

CENCORP AGREED WITH DANSKE BANK OYJ ON AMENDMENT OF FINANCING FACILITIES AND
WITH SAVCOR GROUP OY AND SAVCOR INVEST BV ON TRANSFERRING THE LOAN MATURITY
DATES 



Cencorp has had financing facility agreement amounting totally to EUR four
million with Danske Bank Oyj. The agreement's due date is 30 September 2013.
Cencorp has agreed with Danske Bank on extending the financing facility
agreement until the end of January 2014. 



In July 2013, Savcor Group Oy and Cencorp agreed on extending the maturity date
of a loan of some EUR 1.2 million, granted to Cencorp by Savcor Group Oy in
2009 and converted into a convertible bond on 25 May 2010, until the end of
September 2013. Cencorp has agreed with Savcor Group Oy on extending the loan
period until the end of January 2014. 



Cencorp has a loan of EUR one million from Savcor Invest BV, a daughter company
of Savcor Group Oy. In July 2013 the loan period was extended until 30
September 2013. The companies have agreed on extending the loan period until
the end of January 2014. 



The subscription of Cencorp's convertible bonds issued in the autumn 2012 and
the spring 2013 as well as the loan given by The Finnish Funding Agency for
Technology and Innovation - Tekes have gradually improved the company's
liquidity. However, as the company continues to make investments in relation to
its cleantech strategy and prepares for remarkable increase in the net sales of
the Clean energy solutions -segment the company's financing position continues
to be tight until the operations turn into positive in terms of EBITDA. 



In Mikkeli, 27 September 2013

Cencorp Corporation

Board of Directors



For more information, please contact:

Iikka Savisalo, President and CEO, tel. +358 40 521 6082,
iikka.savisalo@cencorp.com 





Distribution:

NASDAQ OMX, Helsinki

Main media

www.cencorp.com



Cencorp Corporation is a leading provider of industrial automation solutions.
The equipment included in the product portfolio designed for depaneling,
odd-form assembly, testing and laser materials processing substantially
improves the efficiency of customers' production. The product range also
includes EMI shielding solutions, RFID antennas, other flexible circuits
including for example conductive back sheets used in photovoltaic modules and
mobile phone antennas. Cencorp's customers are manufacturers of automotive
electronics, mobile phone antennas and photovoltaic modules as well as
manufacturers operating in telecommunications and in industrial automation.
Cencorp's head office is located in Mikkeli, Finland. The company is part of
the Finnish Savcor Group.